Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Wella Files for US IPO - Happi

What are you searching for?

Sign in
Financial News

Wella Files for US IPO

Global investment firm KKR initially acquired a 60% stake ⁠in Wella from Coty ⁠in 2020 in a $4.3 billion deal.

Author Image

By: Lianna Albrizio

Associate Editor, Happi

Wella Company, owner of OPI, filed ⁠for a US IPO on Monday, according to reports.

Global investment firm KKR initially acquired a 60% stake ⁠in Wella from Coty ⁠in 2020 in a $4.3 billion deal, which included Wella, Clairol, OPI and ghd brands, as previously reported in Happi.

The hair ⁠and ‌nail care firm has ⁠a presence in over 100 countries, employing over 6,000 people, with offices in New York City, Calabasas, Ca., London, Geneva, ‌Switzerland and an R&D facility in Germany.

The Happi Top 50 Company intends to list on the NYSE under “WELA.” Goldman Sachs, BofA Securities, KKR and JP Morgan were among the underwriters to the ‌offering. In June, The Wella Company added past JP Morgan executive Jing Ulrich to the company’s board as non-executive director. The company said her insights and industry perspective will strengthen Wella Company’s board in steering the company into its “next chapter.”

This past spring, OPI celebrated its 45th anniversary.

Add us as a preferred source on Google

Get the latest Happi news, insights and analysis in your Google Search and AI experiences.

Add Happi as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Happi Newsletters

Topics